Security Bank has completed certification with Diners Club

Banking Production Centre (BPC), a leading electronic payments and e-business solutions provider and systems integrator, has announced that its SmartVista processing solution has been recently certified with Diners Club payment association at Security Bank Corporation (Philippines).

Security Bank is the sole owner of SB Cards — an exclusive franchise of Diners Club International in the Philippines, and provides for the full acquiring and issuing of Diners Club card products. Currently SB Card supports over 30 000 POS terminals accepting Diners Club products, and the number of issued Diners Club cards exceeds 150 000.

The certification has marked a new step forward for both Security Bank and BPC that for the last few months have been teaming up in the implementation of the second phase of the Bank's in-house processing centre modernization project. The recent phase of the project was aimed at integration of credit and debit switch and card management functionality and unifying the Bank's acquiring and issuing functionality while providing full acquiring and issuing of MasterCard and Diners Club card products.

The successful completion of certification tests with Diners Club has enabled Security Bank to handle all aspects of Diners Club cards issuance and acquiring, and has accelerated the Bank's strategic migration to a single integrated switching and card management solution designed to provide the open, flexible and modern environment for processing of 100% of Diners Club transactions originated in the Philippines.

Security Bank Corporation.
On June 18 2001, Security Bank Corporation celebrated 50 years of banking in the Philippines. Today, it remains among the top ten banks in the country, and has one of the lowest non-performing loan (NPL) ratios among its peers. With the bottoming out of the economic slump and the anticipated improvement in business prospects, Security Bank has now shifted emphasis to gearing up for the future, enlisting top caliber banking professionals and employing the use of new technology to improve its ability to build business and generate value. By focusing on a corporate-wide team effort to effectively manage productivity, relationships, and risks, Security Bankers everywhere are Managing Together, For Tomorrow, to ensure its continued success.